That Whooshing Sound Of Cash Leaving Germany Is Getting REALLY Loud Now

All week we’ve been talking about the below chart, which compares Spain to Germany.

After getting killed throughout the year, it’s on a big 5 day rally.

Our interpretation: This represents cash leaving Germany and entering Spain in the form of a bailout.

And that’s the buzz today! A German-led bailout of Spanish banks. It actually be happening.

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